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ARTICLE AD BOX
Treasury Secretary Scott Bessent has announced that United States was withdrawing from the Green Climate Fund (GCF), calling them “radical organisations.” The Trump administration had earlier decided to withdraw from the UN Framework Convention on Climate Change (UNFCCC).
In its official statement, Scott Bessent said, “Our nation will no longer fund radical organizations like the GCF whose goals run contrary to the fact that affordable, reliable energy is fundamental to economic growth and poverty reduction.”
What US said in its statement?
In alignment with the Trump Administration’s decision to withdraw from the UN Framework Convention on Climate Change (UNFCCC), the U.S. Department of the Treasury has notified the Green Climate Fund (GCF) that the United States is withdrawing from the Fund and stepping down from its seat on the GCF Board, effective immediately.
“Our nation will no longer fund radical organizations like the GCF whose goals run contrary to the fact that affordable, reliable energy is fundamental to economic growth and poverty reduction,” said U.S. Secretary of the Treasury Scott Bessent.
The Trump Administration is committed to advancing all affordable and reliable sources of energy, which are fundamental to economic growth and poverty reduction. The GCF was established to supplement the objectives of the UNFCCC, and continued participation in the GCF has been determined to no longer be consistent with the Trump Administration’s priorities and goals.
English (US) ·